You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.40 and the call price is $4.80. Assume the strike price is $95.

a.	What are the per share expiration date profits to this position for stock prices of $85, $90, $95, $100, and $105?

Stock Price		Call Payoff		Put Payoff		Total Payoff		Total Profit
$85		$		$		$		$
$90		$		$		$		$
$95		$		$		$		$
$100		$		$		$		$
$105		$		$		$		$

b.	What are the break-even stock prices?

	High	Low
Break-even prices	$	$

I have figured out this problem for the most part but I am having trouble figuring out the total profit.